Thursday, 13 July 2017

EPIC RESEARCH MCX ZINC UPDATE OF 13 JULY 2017

Zinc trading range for the day is 179-186.6.Zinc dropped on profit booking after prices rose earlier in the day as the market worried about falling stocks in exchange warehouses, shortages and expectations of stronger. Downside also seen limited after China's rebar futures rose for a third day amid persistent worries about tight supply. Stocks of zinc in LME warehouses at 273,675 are down more 35 percent since the start of the year.